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NAFTA is officially gone. Here's what has and hasn't changed

July 1, 2020. Summarized by summa-bot.

Mexico's President Enrique Pena Nieto (L) US President Donald Trump (C) and Canadian Prime Minister Justin Trudeau, sign a new free trade agreement in Buenos Aires, on November 30, 2018, on the sidelines of the G20 Leaders' Summit. - The revamped accord, called the US-Mexico-Canada Agreement (USMCA), looks a lot like the one it replaces. But enough has been tweaked for Trump to declare victory on behalf of the US workers he claims were cheated by NAFTA. (Photo by SAUL LOEB / AFP) (Photo credit should read SAUL LOEB/AFP/Getty Images)

The US-Mexico-Canada Agreement takes effect Wednesday, fulfilling President Donald Trump's 2016 campaign pledge to replace the North American Free Trade Agreement -- which he's often referred to as "the worst trade deal ever made."

Washington (CNN)The US-Mexico-Canada Agreement takes effect Wednesday, fulfilling President Donald Trump's 2016 campaign pledge to replace the North American Free Trade Agreement -- which he's often referred to as "the worst trade deal ever made. "

The new agreement was signed by Trump and his Mexican and Canadian counterparts in 2018 and approved by Congress earlier this year after Democrats added stronger labor rules.

But the deal provides certainty for business groups and farmers who feared Trump would rip up NAFTA without having a new deal in place, a move he threatened several times.

Manufacturing workers have long blamed NAFTA for sending jobs to Mexico, where wages are lower, and it was a priority for Democrats that the USMCA strengthen the enforcement of labor rules, creating a more level playing field for American workers.

For example, the new trade deal prohibits Canada and Mexico from forcing US companies to store their data on in-country servers.

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